Formal:
* Il fait un beau soleil. (Literally: "It makes a beautiful sun.") This is the most common and formal way to say it.
* Le soleil brille. (The sun shines.)
Informal:
* Il fait beau. (It's nice weather.) This is a more general way to say it, but implies good weather including sunshine.
* Y'a du soleil. (There's sun.) This is a very informal way to say it, commonly used among friends.
Other options:
* C'est une journée ensoleillée. (It's a sunny day.) This is a more literal translation, but less common in everyday speech.
The best option for you will depend on the context and your level of French.